Michael Shulman

Amazon: Be Fearful While Others Are Greedy

It is clear you are not an Amazon customer nor do you speak with them. Superb site, superb selection -- in the past month I have bought books, coffee, china, telephones, coffee maker filters, tee shirts, printer cartridges and toiletries from them. No tax -- and no one will be able to impose one - and no shipping charges, I am an Amazon Prime customer. Did I mention I own a Kindle? And through the Kindle I have canceled one newspaper and three magazine subscriptions, replacing them with Kindle versions and now buy 75% of my books for the Kindle. Including my own, Sell Short (published by John Wiley) - I write a newsletter on shorting stocks. I have also sold three used books through them this past month. Please, talk to more customers -- troll their site - and, more importantly, look at their cashflow and average number of orders and order size per customer. Did I mention UPS and Fedex are looking at 8% increases in shipments in Q4 due to online sales? Guess what company will lead the way?